What does buying a bankruptcy court sale mean?

[April Causapin]

Hi, everyone!

I've been really trying to find properties where numbers would work for me and I recently found a property that fits my finances, needs and dream of owning a multi-family property ( 2 homes) BUT...

my realtor said it is a federal bankruptcy court sale, subject to overbid and court approval, an "as-is" sale without any warranties or disclosures. It's definitely a fixer, old home BUT it is a multi-family property in a very desirable area- "at least for me". 
My realtor suggests to think about it as they would not advice it for a first time homebuyer due to no warranties or disclosures. But they are willing to come with me and let me take a look at the property if I really want to. This house fits the bill and location for me but I have no idea how to proceed with a bankruptcy court sale. 

Any advice on someone who has experience with this type of deal. 

Would you advice getting an inspector during my appointment?

Should I get a real estate lawyer? (My job helps me with it, and I either have to pay none or minimal amount)

Any information would help! 

I've researched articles and had my realtor explain it to me but wanted to get information from someone/people who've gone through it.